Singapore Technologies Engineering Ltd. announced that further to its announcement on 24 April 2019, the U.S. Department of the Navy has awarded its shipbuilding business in Pascagoula, Mississippi, the second Polar Security Cutter (PSC) contract. The U.S. Department of the Navy has awarded Halter Marine, as the prime contractor, a fixed-price incentive-firm contract for a second U.S. Coast Guard (USCG) PSC. The PSC programme is a multiple year Department of Homeland Security Level 1 investment and a USCG major system initiative to acquire up to three multi-mission PSCs to recapitalise the USCG's fleet of Polar Security Cutters. The PSC will fill a current, definitive need for the Coast Guard statutory mission, of Polar Icebreaking, and meet other mission needs in the higher latitudes vital to the economic vitality, scientific inquiry and national interests of the United States. The above development is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.